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Thomas Freidman said it all in the Sunday NYT: We have created a system for growth that depended on our building more and more stores to sell more and more stu
by donna 18y ago
Thomas Freidman said it all in the Sunday NYT:
We have created a system for growth that depended on our building more and more stores to sell more and more stuff made in more and more factories in China, powered by more and more coal that would cause more and more climate change but earn China more and more dollars to buy more and more U.S. T-bills so America would have more and more money to build more and more stores and sell more and more stuff that would employ more and more Chinese...
All the links begin to break...
- karl11 18y agoOur dealings with China is really not what has created the mess we're in right now. I hope Thomas Friedman didn't actually blame the crisis on our trade imbalance with China. This video [ http://vimeo.com/3261363?pg=embed&sec= http://vimeo.com/3261363?pg=embed&sec= ] does a pretty decent job explaining the basics of the current crisis (~10 min).